Daily coverage of equity markets, sectors, and major indices.
In-depth reporting on U.S. and global stock markets, including index performance, sector rotation, earnings reactions, volatility trends, and notable single-stock moves. Designed to help traders and investors understand what is driving price action across equities.
30,173 total articles
Gjensidige Forsikring reported first-quarter earnings that came in 8% above expectations, driven by stronger underwriting outcomes, a better underlying loss ratio and investment returns that far exceeded forecasts. Revenue growth remained solid at 10.6%, while the company’s solvency ratio exceeded forecasts. Offsetting positives were a significant …
Taiwan Semiconductor Manufacturing Co. (TSMC) has sold all of its holdings in British chip designer Arm Holdings, disposing of 1.11 million shares at $207.65 apiece for total proceeds of $231 million, according to a filing. The move leaves TSMC with no remaining Arm equity after previous investments and a 2024 partial sale.
Finnish elevator manufacturer Kone has reached an agreement to purchase German rival TK Elevator from private equity owners Advent International and Cinven for 29.4 billion euros ($34.40 billion), a deal that would produce the world’s largest lift maker and is the largest takeover in Finland's history. Kone projects roughly 700 million euros of ann…
Mercedes-Benz posted a 17% fall in first-quarter operating profit to 1.9 billion euros, topping analyst expectations but showing margin compression as China weakness, steep tariffs and the transition to electric vehicles weigh on results. Revenue missed estimates and the core cars division saw adjusted return on sales fall to 4.1% from 7.3% a year …
Shares of Baidu and other China-listed robotaxi operators fell after a report said Chinese regulators suspended approvals for new high-level autonomous driving permits following widespread failures of Baidu’s Apollo Go vehicles. The pause, which blocks fleet growth and new pilots, comes after an incident in late March in which more than 100 Apollo …
Amundi reported a 15% increase in adjusted net income for the first quarter, driven by record net inflows and higher revenues. Revenues rose nearly 10% year-on-year to €902 million, while net inflows reached €32 billion — the strongest quarterly intake in over four years — led by €24 billion into ETF and index solutions. Assets under management cli…
UBS reported an 80% year-on-year increase in net profit for the quarter ended March 31, reaching $3.0 billion and comfortably exceeding Bloomberg estimates of $2.42 billion. The Swiss bank cited strong results across global wealth management, asset management and investment banking, with its trading desk boosted by recent market volatility. Managem…
Ping An Insurance reported a 7.6% year-on-year rise in operating profit attributable to shareholders for the quarter ended March 31, driven by gains in life and health insurance and steady performance at its banking unit. Net profit declined amid investment-related volatility, while shares in Hong Kong jumped on the results.
Tesla has announced plans to bring its Full Self-Driving (FSD) V14 Lite software to markets outside the United States following the expected deployment for vehicles equipped with Hardware 3 (HW3) in the U.S. The company says the move is intended to maintain software support for HW3 owners as newer hardware platforms appear, but the global rollout t…
Asian equities traded unevenly as investors digested heightened U.S.-Iran tensions, awaited the U.S. Federal Reserve decision and assessed a strong Australian inflation print that lifted expectations for tighter policy. Technology shares in China were mixed after a drop in Hua Hong Semiconductor, while oil prices stayed elevated amid disruptions ar…
Taiwan Semiconductor Manufacturing Co.'s subsidiary sold its remaining holding in Arm Holdings, disposing of 1.11 million shares at $207.65 each for roughly $231 million. The transaction, completed from April 28 to 29, wiped TSMC's remaining exposure to Arm and produced a $174 million impact on retained earnings. TSMC had originally invested about …
BYD's shares climbed after first-quarter results showed net profit and revenue weaker year-over-year but in line with or slightly above market expectations. A substantial increase in exports, which made up roughly 45% of Q1 vehicle deliveries, is supporting the company as domestic demand cools following subsidy reductions.
Shares of Hua Hong Semiconductor fell after U.S. Commerce Department letters told multiple equipment suppliers to stop sending certain chipmaking tools to facilities associated with the company. The restrictions are said to target two plants considered capable of producing advanced chips, and several major equipment makers with China exposure saw t…
Asian markets opened cautiously on Wednesday as concerns over the Iran conflict and fresh questions about the health of the AI sector weighed on sentiment ahead of a Federal Reserve policy decision and major U.S. tech earnings. Energy prices climbed amid stalled peace efforts, while U.S. futures were mixed and Treasury yields nudged higher.
Microsoft will roll out its Copilot 365 AI assistant to about 743,000 Accenture employees, marking the largest enterprise deployment of the tool. The agreement amplifies Microsoft's effort to convert 365 users into paid subscribers while highlighting both promising internal productivity results reported by Accenture and investor concerns over broad…
Goldman Sachs has prevented its Hong Kong bankers from accessing Anthropic's Claude models after a contractual interpretation, with employees reportedly unable to reach the models for several weeks. An Anthropic spokesperson said Claude was never officially supported in Hong Kong. The bank's move follows consultation with Anthropic and does not aff…
U.S. equity futures edged up Tuesday evening following a weak cash session, as investors prepare for a concentrated slate of earnings from major technology companies and the Federal Reserve's policy meeting. Technology and semiconductor names led declines earlier in the day after a report raised questions about OpenAI's targets, while oil prices re…
Pershing Square has raised $5 billion for a newly launched closed-end fund that will be part of a combined U.S. initial public offering for the alternative asset manager. The fund, Pershing Square USA (PSUS), is the firm's first product marketed to both institutional and retail U.S. investors that carries no performance fees. Both PSUS and Pershing…
Bill Ackman’s Pershing Square has raised about $5 billion in gross proceeds through a combined share placement and an initial public offering in the United States. The closed-end vehicle Pershing Square USA will list on the New York Stock Exchange under PSUS, while Pershing Square Inc, the manager of Ackman’s funds, will trade under PS. The transac…
Pershing Square USA and Pershing Square Inc. have set pricing for their joint initial public offerings. PSUS and PSI shares are slated to begin trading on the New York Stock Exchange on April 29, 2026, with the Combined IPO and a previously announced private placement expected to provide PSUS with approximately $5 billion in gross proceeds before f…
Brazilian antitrust authority CADE has initiated an administrative proceeding to examine whether LATAM and Gol coordinated fares in the domestic passenger market. The action follows an earlier 2023 probe by CADE’s general superintendence that used advanced analytics and reported persistent interdependence in price changes on key routes. Both airlin…
On April 28, the United States together with Bolivia, Costa Rica, Guyana, Paraguay, and Trinidad and Tobago issued a joint statement affirming Panama's sovereignty and warning against what they described as targeted economic pressure from China. The statement followed Panama’s Supreme Court decision to nullify the legal framework underpinning CK Hu…
Shares of storage-focused technology companies rallied in after-hours trading after Seagate Technology issued stronger-than-expected revenue guidance for its fiscal fourth quarter. Investors interpreted the outlook as a signal that enterprise spending on artificial intelligence infrastructure will continue to support demand for data-storage hardwar…
During a meeting in Washington as part of a four-day state visit, King Charles spoke with senior executives from major U.S. technology companies about the funding challenges faced by early-stage startups, particularly those emerging from university research. Attendees included leaders from Amazon, Apple, Nvidia, AMD, Salesforce and Alphabet. The di…
Authentic Brands Group's founder and CEO said the company will try again to list publicly soon and that pending acquisitions could lift annual sales past $50 billion by year-end. The group is ahead of a five-year $100 billion sales target and is directing M&A activity toward kids entertainment and hospitality, with AI tools speeding deal execution.…
